3m Company Stock Today

MMM Stock  USD 91.86  0.26  0.28%   

Performance

0 of 100

 
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Odds Of Distress

Less than 26

 
100  
 
Zero
Below Average
3M is selling at 91.86 as of the 3rd of March 2024; that is -0.28 percent decrease since the beginning of the trading day. The stock's lowest day price was 90.89. 3M has about a 26 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Equity ratings for 3M Company are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 2nd of February 2024 and ending today, the 3rd of March 2024. Click here to learn more.
Business Domain
Capital Goods
IPO Date
2nd of January 1970
Category
Industrials
3M Company operates as a diversified technology company worldwide. It offers its products through e-commerce and traditional wholesalers, retailers, jobbers, distributors, and dealers. 3M operates under Conglomerates classification in the United States and is traded on New York Stock Exchange. The company has 552.7 M outstanding shares of which 6.08 M shares are now shorted by investors with about 1.16 days to cover. More on 3M Company

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3M Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. 3M's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding 3M or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, 3M's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to 3M's managers, analysts, and investors.
Environment Score
Governance Score
Social Score
ChairmanMichael Roman
Thematic Ideas
Showing 3 out of 6 themes
SEC Filings3M Security & Exchange Commission EDGAR Reports
Old Names[Mining Minerals & Metals plc, 3M Co.]
Business ConcentrationIndustrial Conglomerates, Capital Goods, Industrials, NYSE Composite, Dow Jones Industrial, SP 500 Index, SP 100 Index, SP 100, Dow Jones Composite, NYSE US 100, ARCA Major Markets, BETTERINVESTING 100 INDEX, BTRINVSTNG 100 INDEX, Australia All Ordinaries, SPASX All Technology, Dividend Beast, Climate Change, Giant Impact, Baby Boomer Prospects, Medical Equipment, Macroaxis Index, Industrials, Industrial Conglomerates, Conglomerates, Industrials (View all Sectors)
Excise Tax ActivitiesAnimal Testing
Average Analyst Recommendation
Analysts covering 3M report their recommendations after researching 3M's financial statements, talking to executives and customers, or listening in on 3M's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering 3M Company. The 3M consensus assessment is calculated by taking the average forecast from all of the analysts covering 3M.
Financial Strength
Based on the analysis of 3M's profitability, liquidity, and operating efficiency, 3M Company is not in a good financial situation at this time. It has a very high probability of going through financial hardship in April. Financial strength of 3M Company is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Shares Diluted548 M553.9 M
Fairly Down
Slightly volatile
Weighted Shares544.2 M553.9 M
Fairly Down
Slightly volatile
Return on Assets(0.15)(0.143)
Sufficiently Down
Slightly volatile
Net Cash Flow from Operations7.4 B6.7 B
Significantly Up
Slightly volatile
Current Liabilities12.9 B15.3 B
Fairly Down
Slightly volatile
Total Liabilities40.3 B45.7 B
Fairly Down
Slightly volatile
Gross Margin0.430.435
Fairly Down
Slightly volatile
Total Debt17.1 B16.8 B
Fairly Up
Slightly volatile
Asset Turnover0.70.667
Sufficiently Up
Slightly volatile
Current Assets16.5 B16.4 B
Slightly Up
Slightly volatile
Total Assets49.8 B50.6 B
Fairly Down
Slightly volatile
3M's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to 3M's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
3M's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of 3M's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand 3M's financial leverage. It provides some insight into what part of 3M's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on 3M's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how 3M deploys its capital and how much of that capital is borrowed.
Liquidity
3M cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 16.85 B in debt with debt to equity (D/E) ratio of 1.17, which is OK given its current industry classification. 3M Company has a current ratio of 1.53, which is typical for the industry and considered as normal. Debt can assist 3M until it has trouble settling it off, either with new capital or with free cash flow. So, 3M's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like 3M Company sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for 3M to invest in growth at high rates of return. When we think about 3M's use of debt, we should always consider it together with cash and equity.

Operating Cash Flow

7.36 Billion
3M Company (MMM) is traded on New York Stock Exchange in USA. It is located in 3M Center, Saint Paul, MN, United States, 55144-1000 and employs 85,000 people. 3M is listed under Industrial Conglomerates category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a total capitalization of 50.77 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate 3M's market, we take the total number of its shares issued and multiply it by 3M's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. 3M Company runs under Industrial Conglomerates sector within Industrials industry. The entity has 552.7 M outstanding shares of which 6.08 M shares are now shorted by investors with about 1.16 days to cover. 3M Company has about 3.65 B in cash with 6.68 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 6.49.
Check 3M Probability Of Bankruptcy
Ownership Allocation
3M Company secures a total of five hundred fifty-two million seven hundred thousand thirty-two outstanding shares. Over half of 3M Company outstanding shares are owned by institutions. These institutions are typically referred to corporate investors that acquire positions in a given instrument to benefit from reduced trade commissions. Hence, these institutions are subject to different rules and regulation than regular investors in 3M Company. Please watch out for any change in the institutional holdings of 3M Company as this could mean something significant has changed or about to change at the company. Please note that no matter how much assets the company retains, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check 3M Ownership Details

3M Stock Price Odds Analysis

Contingent on a normal probability distribution, the odds of 3M jumping above the current price in 90 days from now is about 89.84%. The 3M Company probability density function shows the probability of 3M stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.0367. This indicates 3M Company market returns are highly reactive to returns on the market. As the market goes up or down, 3M is expected to follow. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. 3M Company is significantly underperforming NYSE Composite.
  Odds Below 91.86HorizonTargetOdds Above 91.86
10.08%90 days
 91.86 
89.84%
Based on a normal probability distribution, the odds of 3M to move above the current price in 90 days from now is about 89.84 (This 3M Company probability density function shows the probability of 3M Stock to fall within a particular range of prices over 90 days) .

3M Stock Institutional Holders

Institutional Holdings refers to the ownership stake in 3M that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of 3M's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing 3M's value.
InstituionRecorded OnShares
Bank Of New York Mellon Corp2023-09-30
5.5 M
Legal & General Group Plc2023-09-30
4.4 M
Amvescap Plc.2023-09-30
4.1 M
Mariner Value Strategies, Llc2023-09-30
4.1 M
Dimensional Fund Advisors, Inc.2023-09-30
3.4 M
Nuveen Asset Management, Llc2023-09-30
3.2 M
Goldman Sachs Group Inc2023-09-30
3.1 M
Wells Fargo & Co2023-09-30
M
Van Eck Associates Corporation2023-09-30
2.9 M
Vanguard Group Inc2023-09-30
49 M
Blackrock Inc2023-09-30
39.7 M
View 3M Diagnostics

3M Historical Income Statement

3M Company Income Statement is one of the three primary financial statements used for reporting 3M's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of 3M Company revenue and expense. 3M Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, 3M's Selling General and Administrative Expense is very stable as compared to the past year. View More Fundamentals

3M Stock Against Markets

Picking the right benchmark for 3M stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in 3M stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for 3M is critical whether you are bullish or bearish towards 3M Company at a given time. Please also check how 3M's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in 3M without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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3M Corporate Directors

3M corporate directors refer to members of a 3M board of directors. The board of directors generally takes responsibility for the 3M's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of 3M's board members must vote for the resolution. The 3M board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Vance CoffmanIndependent DirectorProfile
Muhtar KentIndependent DirectorProfile
Gregory PageIndependent DirectorProfile
Linda AlvaradoIndependent DirectorProfile

How to buy 3M Stock?

Before investing in 3M, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in 3M. To buy 3M stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of 3M. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase 3M stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located 3M Company stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased 3M Company stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as 3M Company, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy 3M Stock please use our How to Invest in 3M guide.

Already Invested in 3M Company?

The danger of trading 3M Company is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of 3M is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than 3M. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile 3M Company is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether 3M Company is a strong investment it is important to analyze 3M's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact 3M's future performance. For an informed investment choice regarding 3M Stock, refer to the following important reports:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in 3M Company. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.

Complementary Tools for 3M Stock analysis

When running 3M's price analysis, check to measure 3M's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy 3M is operating at the current time. Most of 3M's value examination focuses on studying past and present price action to predict the probability of 3M's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 3M's price. Additionally, you may evaluate how the addition of 3M to your portfolios can decrease your overall portfolio volatility.
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Is 3M's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of 3M. If investors know 3M will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about 3M listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.744
Dividend Share
6
Earnings Share
(12.63)
Revenue Per Share
59.002
Quarterly Revenue Growth
(0.01)
The market value of 3M Company is measured differently than its book value, which is the value of 3M that is recorded on the company's balance sheet. Investors also form their own opinion of 3M's value that differs from its market value or its book value, called intrinsic value, which is 3M's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because 3M's market value can be influenced by many factors that don't directly affect 3M's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between 3M's value and its price as these two are different measures arrived at by different means. Investors typically determine if 3M is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 3M's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.